Ladder Capital Corp (NYSE:LADR) Shares Purchased by Quest Partners LLC

Quest Partners LLC boosted its holdings in Ladder Capital Corp (NYSE:LADR) by 13,513.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,079 shares of the real estate investment trust’s stock after purchasing an additional 7,027 shares during the quarter. Quest Partners LLC’s holdings in Ladder Capital were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LADR. Millennium Management LLC grew its stake in Ladder Capital by 92.0% during the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock valued at $8,332,000 after purchasing an additional 353,530 shares in the last quarter. Van ECK Associates Corp grew its stake in Ladder Capital by 32.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock valued at $12,321,000 after purchasing an additional 266,693 shares in the last quarter. Principal Financial Group Inc. grew its stake in Ladder Capital by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after purchasing an additional 96,573 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Ladder Capital by 27.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 376,784 shares of the real estate investment trust’s stock valued at $4,371,000 after purchasing an additional 81,233 shares in the last quarter. Finally, Boston Partners acquired a new stake in Ladder Capital during the 1st quarter valued at approximately $787,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a research report on Friday, August 30th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Ladder Capital presently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital Price Performance

NYSE LADR opened at $11.86 on Friday. Ladder Capital Corp has a twelve month low of $10.10 and a twelve month high of $12.48. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. The stock has a market capitalization of $1.51 billion, a PE ratio of 15.61 and a beta of 1.94. The stock has a 50-day simple moving average of $11.49 and a 200 day simple moving average of $11.56.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The business had revenue of $128.64 million during the quarter, compared to analysts’ expectations of $60.85 million. During the same quarter in the previous year, the firm earned $0.28 EPS. Research analysts anticipate that Ladder Capital Corp will post 1.06 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.76%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio is 121.05%.

Insiders Place Their Bets

In related news, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. This represents a 6.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.00% of the company’s stock.

Ladder Capital Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.